Perella Weinberg Partners (NASDAQ:PWP) PT Raised to $26.00

Perella Weinberg Partners (NASDAQ:PWP) had its target price lifted by research analysts at JMP Securities from $22.00 to $26.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ target price would suggest a potential upside of 30.46% from the company’s current price.

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, July 12th.

Perella Weinberg Partners Price Performance

Shares of PWP opened at $19.93 on Wednesday. The firm has a 50-day moving average of $18.91 and a 200-day moving average of $16.76. Perella Weinberg Partners has a one year low of $9.30 and a one year high of $20.58. The company has a market cap of $1.88 billion, a PE ratio of -10.72 and a beta of 1.50.

Perella Weinberg Partners (NASDAQ:PWP) last announced its earnings results on Friday, August 2nd. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.17 by $0.26. The business had revenue of $272.00 million during the quarter, compared to the consensus estimate of $179.35 million. Perella Weinberg Partners had a negative net margin of 15.75% and a positive return on equity of 56.85%. Perella Weinberg Partners’s revenue was up 64.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS.

Institutional Trading of Perella Weinberg Partners

Several hedge funds and other institutional investors have recently modified their holdings of PWP. Wasatch Advisors LP bought a new stake in Perella Weinberg Partners in the 4th quarter valued at about $8,281,000. Quadrature Capital Ltd bought a new stake in Perella Weinberg Partners in the 4th quarter valued at about $165,000. Allspring Global Investments Holdings LLC boosted its holdings in Perella Weinberg Partners by 27.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,212 shares of the company’s stock valued at $215,000 after purchasing an additional 3,237 shares during the period. Swiss National Bank boosted its holdings in Perella Weinberg Partners by 13.4% in the 1st quarter. Swiss National Bank now owns 90,400 shares of the company’s stock valued at $1,277,000 after purchasing an additional 10,700 shares during the period. Finally, Sei Investments Co. boosted its holdings in Perella Weinberg Partners by 9.4% in the 1st quarter. Sei Investments Co. now owns 83,735 shares of the company’s stock valued at $1,183,000 after purchasing an additional 7,203 shares during the period. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.